And I agree that I would not want to do a refinance on the primary mortgage and prefer to hold on to it for cash flow. 

The Governmemt then “sold” individual apartments to their occupants or other interested parties for $500.

There's  nothing wrong with investing in syndications if you are writing smaller checks but perhaps invest with the syndicator who is chasing your checks because you are the only option, not the preferred option.

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

NY Market is very competitive, so getting a good deal might be worth the investment of being flexible with your preferences or any upgrades needed on the property; cheap houses are houses that need work or problems that need to be fixed. 

@Nathan Gesner I am not worried about the syndicator, I am seeking an advise from an experienced individual who has done many deals in the past and knows how to read between the lines.

Definitely prefer cash flow options, but im open to the other concept.

Hey guys,I need to skip trace some LLC / corporation and trust phone numbers, but noticed that REISkip only skip-traces individual persons.Does anyone know how I could get these numbers or if there's a website/service that can do this? 

They ask for 50% upfront, material costs (or combination), and they prefer cash. 

I started building in 2020 and prefer it now over remodeling in many regards.